Monday, July 28, 2008

Obama Talks Tough About the Economy

It seems that Obama has shifted from the feel good tour of the world back to the economy which he threatens to wreck by raising taxes.

Obama said the economy needs both short- and long-term fixes, including another round of "stimulus" measures from Congress to revive the economy and a longer-term focus on renewable energy to curb high gas prices and on universal health care to trim costs. He said he would move "rapidly and vigorously" to respond.

I guess more stimulus checks would be welcomed by quite a few people. The renewable energy push should be good for starters but it depends on how much federal money is allocated to it.

I guess universal healthcare is what Obama thinks will save the economy? So basically we will pay to put private health insurers out of business (and kill 1000s of jobs) just to have the bloated government run the system. I bet Americans will really be up in arms when they are refused treatment or get rationed care if Obama's plan is anything like the British health plan.

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